Buying the best cheap coverage for a Ford Explorer in Alaska hinges on a whole bunch of factors such as whether you are single or married, your residence address, and if you have a history of accidents. Alaska drivers pay around $1,132 each year to insure their Explorer, but that price is an approximation calculated based on a 30-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
It’s more than likely you aren’t exactly 30 years old or even a female, married instead of single, and maybe your Explorer just needs liability-only coverage. Just a minor difference in the criteria used to calculate rates can result in a massive change in the price of coverage.
Different coverage needs are the reason why the best way to find the cheapest insurance price for your Ford is to do a thorough rate comparison. To cut your rates now, get a free quote and you will be able to see rates from the best companies available.
Vehicle trim level tends to have a direct effect on the insurance rate, so the price you will be charged to insure a Explorer XLT 2WD trim level will be $126 lower than the cost to insure the more well-appointed Explorer Limited AWD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$260||$428||$368||$22||$110||$1,188||$99|
|Explorer Eddie Bauer 2WD||$260||$428||$368||$22||$110||$1,188||$99|
|Explorer XLT 4WD||$260||$428||$368||$22||$110||$1,188||$99|
|Explorer XLT AWD||$260||$428||$368||$22||$110||$1,188||$99|
|Explorer Eddie Bauer 4WD||$294||$520||$368||$22||$110||$1,314||$110|
|Explorer Eddie Bauer AWD||$294||$520||$368||$22||$110||$1,314||$110|
|Explorer Limited 2WD||$294||$520||$368||$22||$110||$1,314||$110|
|Explorer Limited 4WD||$294||$520||$368||$22||$110||$1,314||$110|
|Explorer Limited AWD||$294||$520||$368||$22||$110||$1,314||$110|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in vehicle location which can alter coverage rates significantly.
Deciphering which companies have the most affordable insurance rates for a Ford Explorer may require more time in order to find coverage that fits your budget.
Each auto insurance company has their own guidelines for establishing rates, so let’s take a look at the overall cheapest insurance companies in Anchorage, AK. We do need to point out that Anchorage, AK insurance rates are impacted by many things which can substantially change the cost of coverage. Simply getting older, getting divorced, or getting a ticket for careless driving may cause policy rate changes that may make certain companies cheaper than before.
Find the Best Cheap Insurance for Your Explorer
Umialik generally has some of the best car insurance rates in Anchorage at around $865 each year. USAA, State Farm, Progressive, and GEICO also are some of the cheapest Anchorage, AK auto insurance companies.
As illustrated above, if you buy coverage from USAA and switched to Umialik, you could realize annual savings of around $64. Insureds with State Farm may save as much as $110 a year, and Progressive policyholders might see rate reductions of $395 a year.
Be aware that those policy prices are averages for all drivers and vehicles and do not factor in an exact location for a Ford Explorer. So the car insurance company that fits your age and vehicle best may not even be in the list above. That is why you need to compare as many prices as possible using your own driver data and vehicle information.
The illustration below shows how choosing a deductible can increase or decrease premium costs when trying to find cheap insurance for a Ford Explorer. The price estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied.
As shown above, a 40-year-old driver could lower their car insurance rates by $266 a year by switching from a $100 deductible up to a $500 deductible, or save $404 by selecting a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could shave up to $676 or more by selecting a higher deductible. If you make the decision to raise deductibles, it is important to have enough savings set aside to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Rate comparison of full coverage and liability-only
Reducing the cost of insurance is probably important to most vehicle owners, and one of the fastest ways to buy cheaper insurance for a Ford Explorer is to only buy liability coverage. The information below visualizes the comparison of yearly insurance costs with and without full coverage. The data assumes no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If all age groups are averaged, physical damage coverage costs $1,429 per year over and above liability only. Lot’s of drivers question if physical damage coverage is worth the money. There is no definitive rule to stop paying for physical damage coverage, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $7,000 after paying your deductible. If it’s costing in excess of $700 annually for full coverage, then it could be time to drop full coverage.
If you have coverage questions and would like to get some professional advice when shopping around for cheaper insurance for a Ford Explorer, the insurance agencies listed below are willing to provide answers to your questions and help you determine which insurance coverage will be best for you.
To find an Anchorage insurance agent close to where you live, click the link after the list.
- Alaska National Insurance Co
7001 Jewel Lake Rd – Anchorage, AK 99502 – (907) 248-2642
- Doug McCann – State Farm Insurance Agent
360 Boniface Pkwy, Ste B5 – Anchorage, AK 99504 – (907) 272-6442
- Allstate Insurance: Devery Prince Agency Team
401 E Fireweed Ln Ste 200 – Anchorage, AK 99503 – (907) 279-9000
- State Farm Insurance
Anchorage, AK 99508 – Anchorage, AK 99508 – (907) 333-6575
How to find more affordable insurance for a Ford Explorer
It is possible to find better rates, and here are a few thrifty suggestions that can help drivers get more affordable coverage.
- Pay lower rates with good credit
- Do not get into accidents that are your fault
- Serious violations like DUI or reckless driving can increase rates dramatically
- Higher deductibles mean lower rates
- Choose a safer vehicle and pay lower rates
- Remove physical damage coverage on older vehicles
- Keep rates low by comparing prices once a year
That last idea is especially necessary, as was emphasized in the article above. Auto insurance prices fluctuate considerably, so drivers shouldn’t be reluctant to buy a policy from a new company if you can save money. Having a favorite company is great, but we do not recommend it if that loyalty results in overpaying hundreds of dollars a year. In just a few minutes you could shop around to find cheaper insurance for a Ford Explorer in Anchorage.